Nintendo acquiring 70% of distributor JESNET, will become a subsidiary
Posted on August 25, 2016 by Brian(@NE_Brian) in General Nintendo, News
Nintendo announced today that it will acquire 70 percent of JESNET, a distributor in Japan. JESNET will now become a subsidiary as well.
Nintendo will be paying $47 million for the transaction. The plan is for JESNET to become a subsidiary in April.
The move will also see JESNET working together with AJIOKA, which is in the video game wholesale business.
It’s worth noting that JESNET has been distributing physical Nintendo products in Japan for many years. The company was founded in 1952 and has 80 employees.
Today’s full announcement can be read here.
